Form 4: Intuitive Machines Executive Timothy Price II Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
SVP and Chief Growth Officer of Intuitive Machines, Timothy Price II, disposed of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On April 11, 2025, Timothy Price II, SVP and Chief Growth Officer of Intuitive Machines, disposed of 8,461 shares of Class A Common Stock.
- The transaction was executed at a price of $7.72 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Price directly owns 405,491 shares of Intuitive Machines stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover taxes, which is a normal occurrence.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Date of transaction: Timothy Price II disposed of shares. |
| 04/15/2025 | Date of signature on the Form 4 filing. |
Keywords
Intuitive Machines, LUNR, Timothy Price II, Form 4, SEC, Stock Disposal, Tax Obligations, Insider Trading
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